Weekly Top Insider Buys Highlight for the Week of April 20

The largest Insider Buys this week were for JPMorgan Chase & Co. (JPM), Salesforce.com Inc. (CRM), Tupperware Brands Corp. (TUP), and Broadcom Inc. (AVGO).

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Apr 22, 2018
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The largest Insider Buys this week were for JPMorgan Chase & Co. (JPM, Financial), Salesforce.com Inc. (CRM, Financial), Tupperware Brands Corp. (TUP, Financial), and Broadcom Inc. (AVGO, Financial).

JPMorgan Chase & Co. (JPM, Financial): Director Mellody L. Hobson bought 18,000 shares

Director Mellody L. Hobson bought 18,000 shares of JPM stock on April 16 at the average price of $111.05. The price of the stock has increased by 0.38% since.

JPMorgan Chase & Co. is an American multinational banking and financial services holding company and the largest bank in the United States. The company is also the world’s third largest bank by total assets, totaling roughly $2.5 trillion. The company offers services in investment banking, asset management, private banking, and private wealth management. The company has a market capitalization of $379.53 billion, and as of April 20 it traded at $111.47.

On April 13 JPMorgan Chase & Co. declared preferred stock dividends. For the 5.45% non-cumulative Series P stock, distribution per preferred share will be $136.25. For the 6.7% non-cumulative Series T stock, distribution per preferred share will be $167.50. The dividend will be payable on June 1 to stockholders of record at the close of business on May 2.

Salesforce.com Inc. (CRM, Financial): Director Susan Wojcicki bought 6,000 shares

Director Susan Wojcicki bought 6,000 shares of CRM stock on April 18 at the average price of $123.81. The price of the stock has decreased by 0.8% since.

Salesforce.com Inc. is an American cloud computing company. Although most of its revenue comes from a customer relationship management product, the company also capitalizes on commercial applications of social networking through acquisition. The company has a market capitalization of $90.85 billion, and as of April 20 it traded at $122.82.

On April 16 Salesforce.com Inc. announced that the world’s largest independent McDonald’s franchisee, Arcos Dorados, will use the Salesforce platform and marketing cloud to deliver highly targeted coupons and offers to both customers online and in-store. The platform will serve more than 2,100 restaurants, 2,700 dessert centers, and 300 McCafes.

Tupperware Brands Corp. (TUP, Financial): Exec. Vice President Lillian D. Garcia bought 2,320 shares

Exec. Vice President Lillian D. Garcia bought 2,320 shares of TUP stock on April 19 at the average price of $43.18. The price of the stock has decreased by 3.45% since.

Tupperware Brands Corp. is an American international household goods and direct selling company. The company mostly focuses on food storage, kitchen preparation, cookware, and cutlery goods. Besides its trademark Tupperware brand, the company also owns the brands Avroy Shlain, Fuller Cosmetics, NaturCare, Nutrimetics, and Nuvo. The company has a market capitalization of $2.13 billion, and as of April 20 it traded at $41.69.

On Feb. 21 Tupperware Brands Corp. announced that its Board of Directors elected Patricia A. Stitzel to the position of President and CEO and nominated her for election to the company’s Board of Directors, effective May 9. Stitzel has served as the company’s president and COO since October of 2016.

Broadcom Inc. (AVGO, Financial): Director Silver Lake Group, L.L.C bought 344,761 shares

Director Silver Lake Group, L.L.C bought 344,761 shares of AVGO stock on April 13 at the average price of $247.94. The price of the stock has decreased by 4.36% since.

Broadcom Inc. is an American designer, developer, and supplier of semiconductor technologies. The company supplies products within four primary markets, including wired infrastructure, wireless communications, enterprise storage, and industrial. The company is also a component of the S&P 500. Broadcom Inc. has a market capitalization of $97.4 billion, and as of April 20 it traded at $237.12.

On April 12 Broadcom Inc. announced that its Board of Directors has authorized the repurchase of up to $12 billion of its common stock by the company. The authorization is effective immediately until November 3, 2019, the end of the company’s fiscal year 2019. Share repurchases may be made through both open market and privately negotiated transactions.

For the complete list of stocks that were bought by their company executives, go to: Insider Trades.

Disclosure: I do not own stock in any of the companies mentioned in the article.